Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable , but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!
We answer this question by bringing about the following supposition:
<span>The corrective tax policy and the number of pollution permits available do not change in spite of this demand shift.</span>
Answer:
Profit = $42,000
Explanation:
Given:
House price = $350,000
Additional price = $5,000
Garage value = $25,000
Selling price = $450,000
Selling cost = $28,000
Total cost of the Assets
Purchase Home $350,000
Add: Additional Purchase $5,000
<u>Add: Purchase of Garage $25,000</u>
Total cost of the Assets $380,000
Profit = Sale Price - (Cost Price + Selling Cost)
Profit = $450,000 - ( $380,000 + $28,000)
Profit = $450,000 - $408,000
Profit = $42,000
<span>$5950 / $85000 = 7% + 2.8% = 9.8%</span>
Answer:
Total interest paid = $606.63
Explanation:
First calculate the monthly payment for first six months
Monthly interest for first 6 months =.006/12=.0005
= 6500*(1.0005)^6
=6519.52
Interest rate for next six months
=17.37%/12=1.45%
(1.0145)^6=1.090054
=6519.52*(1+.0145)^6
=7106.63
Total interest paid = 7106.63-6500
Total interest paid = 606.63
